Podolsky|Circle Represents Brennan Investment Group

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Podolsky|Circle CORFAC International has announced the investment sale of a 70,196 sq. ft. industrial building in Lake Forest, IL. The building was bought by Brennan Investment Group, LLC in a joint venture with Goldman Sachs.

Brennan was represented by Principals Corey B. Chase and Steven H. Podolsky, SIOR, along with Associate Kyle A. McKechnie. The seller was a Chicago-based Private Investment Partnership.

The 70,196 sq. ft. warehouse property, located at 13970 Laurel Drive, Lake Forest, IL, is attached by covered walkway to an adjacent building acquired by Brennan in late 2014 as part of a 23-building $170 million portfolio sale in a joint venture with Goldman Sachs. The single-tenant properties are currently being leased by a long time tenant.

Noted Chase, “With the current lack of investment opportunities available in the North Shore submarket encompassing both quality real estate and credit tenants, it made sense for Brennan to purchase both buildings.”